This LA Times article is woefully short on details, but it seems the Oxfam-led protest by developing nations in Cancun has yielded results. I'll be curious to see a) the actual terms of the agreement and b) how this will play in US domestic politics (the presidential election in particular) where farm subsidies are next to untouchable.
Update: The Washington Post's coverage adds a few more details. Apparently the "first installment" includes a 20% reduction in subsidies by developed nations, but a couple of loopholes exist that would allow this concession to be substantially reduced.
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